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On September 22, 2024, a flood destroyed the entire merchandise inventory on hand in a warehouse owned by the Rocklin Sporting Goods Company. The following

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On September 22, 2024, a flood destroyed the entire merchandise inventory on hand in a warehouse owned by the Rocklin Sporting Goods Company. The following information is avallable from the records of the company's periodic inventory system. Required: Complete the below table to estimate the cost of inventory destroyed in the flood using the gross profit method

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